Bollywood multi-hyphenate Karan Johar, who recently sold off 50% of his stakes of his production company Dharma Productions, has shared a cryptic message. On Sunday (October 27), KJo took to the stories section of his Instagram, and shared a note. He wrote, “Competition happens at the bottom. The people at the top are collaborating”.Adar Poonawalla Acquires 50% Stake in Karan Johar’s Dharma Productions for INR 1000 Crore.

Earlier, Adar Poonawalla's Serene Productions took over a 50% stake in Karan Johar’s Dharma Productions and Dharmatic Entertainment. The association met with a strong reaction from the Internet users. The strategic move aims to craft compelling content for a global audience. The filmmaker will serve as the Executive Chairman, driving the company's creative vision forward. Serum Institute of India CEO Adar Poonawalla To Acquire 50% Stake in Karan Johar’s Dharma Productions; Billionaire Businessman To Invest INR 1000 Crore.

Karan Johar's Cryptic Post On Instagram 

Screenshot From Karan Johar's Instagram

Dharma Productions has been struggling of late as majority of its films have underperformed at the box-office. The rising overheads seems to have pushed KJo to sell the 50 per cent of stakes of the company which his father Yash Johar founded. Prior to this, Karan engaged in a public spat with actress-director Divya Khossla, a day after the release of Jigra when Divya took to the Stories section of her Instagram, and shared a picture of an empty theatre running the show of Jigra.

She had shared how theatres are witnessing practically zero footfalls for Jigra. She wrote in the picture, “Went to Citi Mall PVR for Jigra show. Theatre was totally empty ... all theaters going empty everywhere. #Aliabhatt me sach mein Bahut #Jigra hai, khud hi tickets karide aur fake collections announce kar diye. Wonder why paid media is silent #weshdnotfooltheaudience #truthoverlies #HappyDussehra”. However, Divya seemed in no mood to buy the collections as she felt that the collections of the film are fabricated at the behest of the production house behind Jigra which is considered one of the premier film studios in Hindi cinema.

(The above story first appeared on LatestLY on Oct 27, 2024 10:51 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).